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Thailand Tourism Report Q2 2016

Thailand Tourism Report Q2 2016

BMI View: Thailand's tourism industry is set to grow significantly over 2016 as the sector recovers from adifficult 2015. Security concerns were high in the previous year following a terrorist attack in August 2015.

Combined with political turmoil in recent years, the year proved difficult for tourism in the country.

Thailand depends highly on the economic benefits provided by the industry and the country has a widerange of tourist attractions, as well as continued investment by domestic and international companies.

Further investment on travel infrastructure is important for future growth, and the country needs tocontinue diversifying its source markets to prevent over-exposure to Chinese tourists.

Key Updates And Forecasts

Hilton Hotels has reconfirmed their commitment to the Thai tourism industry, with plans to expand theHilton Garden Inn brand to three properties in Bangkok, Phuket, and Pattaya. It allso has plans to opena Waldorf Astoria hotel in Bangkok.

International air connectivity continues to expand: China Southern Airlines launched a new flight routesbetween Nanning and Chiang Mai in November 2015 and Thomson plans to launch direct flightsbetween Manchester in the UK and Phuket in 2016. Additionally, a new air route connecting Bankok andMyanmar opened in early 2016 as well.

2016 is expected to be a solid year for tourism in Thailand, with growth of 6.6%. The total passengerfigure should rise to 30.0mn by the end of the year.


BMI Industry View
Table: Key Forecasts (Thailand 2013-2020)
SWOT
Tourism
Industry Forecast
Table: Inbound Tourism (Thailand 2013-2020)
Table: Tourism Receipts (Thailand 2013-2020)
Table: Hotel Accommodation (Thailand 2013-2020)
Table: Tourist Departures and Consumption (Thailand 2013-2020)
Tourism Risk/Reward Index
Industry Risk/Reward Index
Tourism Risk/Reward Index
Table: Asia - Tourism Industry Risk/Reward Index
Rewards
Risks
Security Risk
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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